Wednesday, March 23, 2005

As the President tours the country touting Social Security reform, some detractors have reacted flippantly, suggesting that there really is no cause for concern over the program’s insolvency. Inexplicable as it is for some of these otherwise intelligent people to deny the patently obvious and ignore Social Security’s Ponzi-esque capital structure, their half-baked protests are nonetheless having an adverse impact on public opinion, and are therefore eroding the President’s efforts to promote a national dialogue on the issue.

Today’s report affirming earlier projections of Social Security insolvency by 2041 should re-inject some much needed perspective back into the debate. The report also declared that Medicare will be bled dry by 2020. How people can take a collective “head in the sand” approach to what are huge looming fiscal crises is beyond my comprehension.

Some have suggested the answer to both the Social Security and Medicare problems is simple: raise taxes on the rich. Retarded as that suggestion may be in and of itself, the same people who advocate this approach are also the ones who want to both increase Social Security disbursements to seniors and radically expand Medicare to cover all Americans. I’m not sure how wealthy they think the “rich” are, but it’s a save bet that the “rich” won’t be for very long should the liberals among us worm their twisted ideas into the realm of what’s considered reasonable public policy.

It’s up to us as conscientious conservatives to be vigilant in the face of such lunacy, and support common sense solutions to the impending fiscal dilemmas we will surely face over the coming decades. A reversion to ideas modelled upon the failed socialist experiments of the 20th century will not only further undermine the social programs in crisis, it will begin to unravel the very fabric of the capitalist system that has served this country so well for so long.

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